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91 European banks face stress tests

Toni Straka at Prudent Investor has the details on "Europe's 91 Potentially Bad Banks":

"After weeks of intra-Eurozone haggling the
Committee of European Banking Supervisors (CEBS) has finally published the list of 91 banks currently undergoing stress tests whose results are eagerly awaited for July 23.

The 91 banks (list below) represent 65% of Europe's banking business, in itself an indication that domino theories, where one failure will lead to others, may develop into a harsh reality, keeping Europe's extensive cross-border business in mind.

Such scenarios do not appear to be part of the stress tests which display a silk glove, business-as-usual approach..."

See the full post for a list of the 91 banks facing "stress tests" and a breakdown of their national origin. In terms of sheer numbers, it seems Spain and Germany lead the list. Also, some thoughts from Toni on the assumptions built into the tests, as well as a link to the CEBS report.

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